R
Seller's Agent in 2022
Richard Wilson
Lantern Realty & Development, LLC
1505 Peach Orchard Rd Salisbury, NC 28146
Estimated Value: $244,000 - $369,000
5
Acres
$59,226
Price per Acre
217,800
Sq Ft Lot
Highlights
- Pond
- Shed
- Open Lot
- Wooded Lot
About This Lot
As of May 2022Seller is asking for backup offers. 15.28 acres are zoned 85ED2-1 85 Economic Dev. District. 4.87 acres are zoned residential. There is an existing easement coming off Peach Orchard, running through the acreage behind the house. Water and Sewer available. Great access to I-85. House included at no value.
Last Agent to Sell the Property
Richard Wilson
Lantern Realty & Development, LLC License #321788 Listed on: 11/09/2021
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,634
Lot Details
- Property fronts an interstate
- Open Lot
- Wooded Lot
- Possible uses of the property include Commercial
- Zoning described as RR-3
Outdoor Features
- Pond
- Shed
- Outbuilding
Utilities
- Septic Equal To The Number Of Bedrooms: 3
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 406 010
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 9, 2021
Closed on
Jul 21, 2022
Sold by
Leazer Medlin Crystal Michelle and Leazer Nathan
Bought by
Merrell Partners Llc
Seller's Agent
Richard Wilson
Lantern Realty & Development, LLC
Buyer's Agent
Connie Merrell
Lantern Realty & Development, LLC
List Price
$650,000
Sold Price
$640,000
Premium/Discount to List
-$10,000
-1.54%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$343,870
Avg. Annual Appreciation
-20.12%
Original Mortgage
$480,000
Interest Rate
5.1%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 9, 2021
Closed on
May 26, 2022
Sold by
Brandon Diane L and Brandon Alvin B
Bought by
Merrell Partners Llc
Seller's Agent
Richard Wilson
Lantern Realty & Development, LLC
Buyer's Agent
Connie Merrell
Lantern Realty & Development, LLC
List Price
$650,000
Sold Price
$640,000
Premium/Discount to List
-$10,000
-1.54%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
5.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 24, 2018
Sold by
Brandon Alvin B
Bought by
Prince Vickie L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Merrell Partners Llc | -- | Fuller John C | |
| Merrell Partners Llc | -- | Fuller John C | |
| Merrell Partners Llc | $640,000 | Homesley & Wingo Law Group Pll | |
| Prince Vickie L | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Merrell Partners Llc | $480,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/26/2022 05/26/22 | Sold | $640,000 | -1.5% | $354 / Sq Ft |
| 12/23/2021 12/23/21 | Pending | -- | -- | -- |
| 11/09/2021 11/09/21 | For Sale | $650,000 | -- | $360 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,634 | $243,891 | $83,100 | $160,791 |
| 2024 | $1,634 | $243,891 | $83,100 | $160,791 |
| 2023 | $1,634 | $243,891 | $83,100 | $160,791 |
| 2022 | $1,127 | $150,792 | $65,689 | $85,103 |
| 2021 | $1,116 | $150,792 | $65,689 | $85,103 |
| 2020 | $1,127 | $150,792 | $65,689 | $85,103 |
| 2019 | $1,116 | $150,792 | $65,689 | $85,103 |
| 2018 | $999 | $137,089 | $65,689 | $71,400 |
| 2017 | $999 | $137,089 | $65,689 | $71,400 |
| 2016 | $2,011 | $275,893 | $204,493 | $71,400 |
| 2015 | $2,042 | $275,893 | $204,493 | $71,400 |
| 2014 | $1,732 | $238,065 | $163,248 | $74,817 |
Source: Public Records
Agents Affiliated with this Home
-
-
Chris Puckett
Seller Co-Listing Agent in 2022
Chris Puckett
Lantern Realty & Development, LLC
(704) 298-0087
57 Total Sales
-
Connie Merrell
C
Buyer's Agent in 2022
Connie Merrell
Lantern Realty & Development, LLC
(704) 701-1678
10 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 3804718
APN: 406-010
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